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Breaking: Nonfarm Payrolls Rose by 145K in December

Published 01/10/2020, 08:08 AM
Updated 01/10/2020, 08:33 AM
© Reuters.

Investing.com - The U.S. economy added fewer jobs than expected last month, the Labor Department reported Friday, as the jobs market cooled at the end of 2019.

  • Nonfarm payrolls rose 145,000 in December, compared with expectations for a rise of 164,000 according to economists’ forecasts compiled by Investing.com.

  • The unemployment rate remained steady at 3.5%, as predicted.

    • Average hourly earnings rose 0.1% for the month, versus expectations for a 0.3% rise, as wage inflation remained pretty much in check.

    • S&P 500 futures were up 0.23%. They were up about 0.2% right before the numbers came out.

    Latest comments

    Everyone got on their BOOTS for this MANURE ?!
    Unemployment rate will increase in coming months also
    Nothing can stop FED to inject this market with fake money. Not even a war. But soon, when they DECIDE to stop. The free falling is coming to hit everyone badly.
    Those jobs don't do anything but help keep consumer drones spending. Most people need to work more than 2 jobs, be it a lousy one at some company or a side hustle. In Canada, nobody can afford a house (unless you have a wealthy background or inheritance or you're one of a kind). Wages have risen perhaps 30% while housing has risen 300%. Pumping more money into economy is stupid- it will only encourage a harder crash. Think consumers will spend more? Think again. They will save more and more. You can see the desperation in car companies applying the "create a problem, sell the solution" with designing cars that have inherent design flaws. Or banks not giving out as many mortgages in Canada as nobody can afford them and those who have them are struggling to get by. I know in the US they had started selling the same crappy synthetic CDOs under a different guise. . Truth be told, this market is simply fabricated and is bound to crash....corrections are healthy.
    Now do Canada. and Venezuela. And the EU.
    wages have not kept up with inflation. Americans must work 2 to 3 jobs to sustain themselves.
    Despite supply and demand pressure we managed to not pay more for employees. .1% minus currency devaluation. Work is for suckers.
    which trades do we go for?
    Spy puts, then Spy calls, then puts again
    100 mil employable unemployed. 50 mil on food stamps. Fed pumping $6T since Sept to the banks. Great economy.
    Crack is coming..
    the USA economy is doing well
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